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Algonquin Power price target raised to $6 from $5 at Raymond James

Raymond James analyst Theo Genzebu raised the firm’s price target on Algonquin Power (AQN) to $6 from $5 and keeps a Market Perform rating on the shares. While Raymond James remains cautious as to the near-term outlook, the firm has a positive view on ALgonquin Power long-term as a pure-play regulated utility, the analyst tells investors in a research note.

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